Mount Lucas Management LP Cuts Stake in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH)

Mount Lucas Management LP decreased its holdings in Norwegian Cruise Line Holdings Ltd. (NYSE:NCLH) by 17.5% in the fourth quarter, Holdings Channel.com reports. The firm owned 18,200 shares of the company’s stock after selling 3,855 shares during the period. Mount Lucas Management LP’s holdings in Norwegian Cruise Line were worth $468,000 at the end of the most recent quarter.

A number of other institutional investors also recently made changes to their positions in the business. Personal CFO Solutions LLC purchased a new stake in shares of Norwegian Cruise Line in the 4th quarter valued at $241,000. Amundi boosted its position in Norwegian Cruise Line by 39.3% during the 4th quarter. Amundi now owns 774,044 shares of the company’s stock valued at $20,063,000 after buying an additional 218,401 shares during the period. Banco Santander S.A. purchased a new stake in Norwegian Cruise Line during the 4th quarter valued at $219,000. Candriam S.C.A. purchased a new stake in Norwegian Cruise Line during the 4th quarter valued at $366,000. Finally, Ethos Financial Group LLC purchased a new stake in Norwegian Cruise Line during the 4th quarter valued at $115,000. Hedge funds and other institutional investors own 69.58% of the company’s stock.

Norwegian Cruise Line Stock Down 6.7 %

Shares of Norwegian Cruise Line stock opened at $18.72 on Tuesday. The company has a debt-to-equity ratio of 10.35, a current ratio of 0.20 and a quick ratio of 0.17. The company has a 50-day moving average of $25.62 and a 200 day moving average of $24.21. The firm has a market cap of $8.23 billion, a price-to-earnings ratio of 17.17, a PEG ratio of 0.24 and a beta of 2.62. Norwegian Cruise Line Holdings Ltd. has a 1 year low of $14.69 and a 1 year high of $29.29.

Analysts Set New Price Targets

Several equities research analysts have weighed in on the stock. Bank of America dropped their price target on shares of Norwegian Cruise Line from $29.00 to $26.00 and set a “neutral” rating for the company in a research report on Friday. Loop Capital assumed coverage on shares of Norwegian Cruise Line in a research report on Tuesday, February 4th. They set a “hold” rating and a $26.00 price target for the company. Truist Financial increased their price target on shares of Norwegian Cruise Line from $25.00 to $35.00 and gave the company a “buy” rating in a research report on Monday, December 2nd. The Goldman Sachs Group set a $34.00 price target on shares of Norwegian Cruise Line in a research report on Thursday, January 23rd. Finally, Barclays upgraded shares of Norwegian Cruise Line from an “equal weight” rating to an “overweight” rating and upped their price objective for the stock from $28.00 to $32.00 in a report on Friday, December 13th. One analyst has rated the stock with a sell rating, eight have assigned a hold rating, eight have given a buy rating and one has issued a strong buy rating to the company. Based on data from MarketBeat.com, the stock has a consensus rating of “Moderate Buy” and a consensus target price of $29.19.

About Norwegian Cruise Line

Norwegian Cruise Line Holdings Ltd., together with its subsidiaries, operates as a cruise company in North America, Europe, the Asia-Pacific, and internationally. The company operates through the Norwegian Cruise Line, Oceania Cruises, and Regent Seven Seas Cruises brands. It offers itineraries ranging from three days to a 180-days calling on various ports, including Scandinavia, Northern Europe, the Mediterranean, the Greek Isles, Alaska, Canada and New England, Hawaii, Asia, Tahiti and the South Pacific, Australia and New Zealand, Africa, India, South America, the Panama Canal, and the Caribbean.